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On January 1, 2020, Donna Cochran invested $20,000 in Donna's Antiques. During 2020, Donna withdrew $11,000 for personal use. Donna's Antiques reports the following balances
On January 1, 2020, Donna Cochran invested $20,000 in Donna's Antiques. During 2020, Donna withdrew $11,000 for personal use. Donna's Antiques reports the following balances on December 31, 2020: Accounts receivable Accounts payable Depreciation expense Service revenue Land Travel expense Building Note payable Supplies Donna Cochran, Capital Jan 1, 2020 Salary expense Cash Supplies expense Postage expense Unearned Service Revenue $10,000 6,200 3,200 29,750 20,000 2.900 85,000 12,800 1,000 90,000 6,650 14.400 4,000 1,600 1,000 Prepare an income statement for the year ended December 31, 2020
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